CITY LODGE HOTELS LIMITED - Director's dealings in securities

Director's dealings in securities

City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

Director’s dealings in securities     –   exercise   of   Share
Appreciation Rights (“SARs”)

In compliance with Rule 3.63 - 3.74 of the JSE Listings
Requirements, the following information is disclosed:

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Class of securities:           Ordinary shares
Number of shares:              4,974
Nature of Transaction:         On market sale of ordinary
                               shares to settle the tax
                               obligation     that     arose
                               following   the    off-market
                               exercise   of   57,499   SARs
                               awarded in 2010 and which
                               vested on 1 September 2015
Date of transaction:           4 December 2015
Price range:                   R155.02 – R156.00
VWAP:                          R155.39
Value of transaction:          R772,910.90
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Prior clearance to deal has been obtained from Mr B.T.
Ngcuka, Chairman of the Board of City Lodge, in accordance
with Section 3.66 of the JSE Listings Requirements.

Bryanston
8 December 2015

Sponsor
JP Morgan Equities South Africa Proprietary Limited

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